Bank of New York Mellon Corp Acquires 12,841 Shares of Relx Plc (NYSE:RELX)

Bank of New York Mellon Corp lifted its holdings in shares of Relx Plc (NYSE:RELX) by 5.4% during the fourth quarter, HoldingsChannel reports. The firm owned 248,626 shares of the technology company’s stock after acquiring an additional 12,841 shares during the quarter. Bank of New York Mellon Corp’s holdings in Relx were worth $11,293,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of RELX. CENTRAL TRUST Co increased its position in Relx by 1,290.2% during the fourth quarter. CENTRAL TRUST Co now owns 570 shares of the technology company’s stock worth $26,000 after buying an additional 529 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of Relx in the fourth quarter valued at approximately $31,000. Sierra Ocean LLC bought a new position in shares of Relx during the 4th quarter worth approximately $43,000. Private Trust Co. NA increased its holdings in shares of Relx by 119.9% during the 3rd quarter. Private Trust Co. NA now owns 1,038 shares of the technology company’s stock worth $49,000 after acquiring an additional 566 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Relx in the 3rd quarter valued at $125,000. Institutional investors own 15.02% of the company’s stock.

Relx Trading Up 0.1 %

Shares of NYSE:RELX opened at $47.77 on Friday. Relx Plc has a 12-month low of $40.25 and a 12-month high of $51.99. The business has a 50 day moving average of $48.79 and a 200-day moving average of $47.57. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46. The stock has a market cap of $88.79 billion, a PE ratio of 25.68, a P/E/G ratio of 2.73 and a beta of 0.90.

Relx Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 9th will be paid a $0.5586 dividend. The ex-dividend date of this dividend is Friday, May 9th. This is an increase from Relx’s previous semi-annual dividend of $0.23. This represents a yield of 1.6%. Relx’s payout ratio is 59.68%.

Wall Street Analyst Weigh In

RELX has been the subject of a number of research analyst reports. Redburn Atlantic began coverage on shares of Relx in a research report on Wednesday, January 8th. They set a “buy” rating for the company. StockNews.com downgraded shares of Relx from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th.

Relx Company Profile

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.